Member Info for saurus

Hello and welcome to this board.

Sorry you were given a rough time by some low thinking individuals who don't usually post here. Please don't let that you off as we are a pleasant bunch. If you get a chance to scroll through the threads you'll find we share information, views and experiences in a friendly and positive way.

Good luck with your investments,
saurus

Name reminds me of my student days when a lad from Newcastle named our shared rented house 'Llamedos'.

Never tried spread betting, derivative or option trading. Like yourself, always meant to find out more and possibly have a go but never got round to it. Day trading just means purchasing and selling a security on the foreign exchange or stock market within a single trading day; with in this case shares that offer liquidity, mobility (price movement) and volatility. I manage a number of family accounts that are mostly in ISA's now and an account for a small animal charity that stepped up to the plate when a pony was abandoned and no one else would help. They're all currently with Interactive Investor. ISA's have no settlement period so any share broker would do and the tax wrapper is a bonus but not so good for investing in international shares as I'm finding out Sometimes, it's possible to trade the range several times in a day if you have the funds and time to watch the price closely. Don't always time it right as explained previously but that's always part of the risk with buying and selling.
Usually trade the range over longer periods but particularly cautious at the moment as concerned there could be another significant market fall sometime in the next 12 months. This is just my view and everyone has to invest/trade in a way that they're comfortable with.

Regarding honesty, of course it's important to take the claims of posters who always claim success with every share with a large bucketful but you get a feel for posters after a while as to whether they're being truthful. Fantasists and trolls often reveal far more about themselves in the way they post than they realise.

Good to hear you're back in profit. Hope this information helps but feel free to ask.

Best wishes,
saurus

Thank you karv, Rockon and Mr A for your thoughtful comments and support, it's much appreciated. Busy few days so my apologies for not replying sooner. Not helped by my accidentally switching my mouse off earlier after replying to Mr A on another thread.

Agree with all your comments. It's the nature of investing/trading not to always call it right when buying or timing when to sell. Ultimately, I still made a few thousand pounds profit to add to the pot so as you all rightly point out, a profit is a profit but even when losses are incurred, it's the risk we all take.
This board is shaping up nicely and it's good to be able to share thoughts and experiences and consider other view points.

Best wishes,
saurus

Good morning Mr Altruistic,

Hope you're well. Happy for any profit in these difficult times. Agree, it's not actually a profit until it's sold and don't dwell on what I could have made if only I'd held on longer especially, as the price could also have fallen.

Did some day trading with Barclays on Wednesday for a quick profit and again earlier this morning. Missed out yesterday as I was busy finishing off a report and helping out my daughter. Feels good to use the profit made to help kit out her first house.

Take care and all the best,

saurus

Hi tinytim,

Sorry, only now checked posts. Spent yesterday evening and part of this morning painting as my eldest has just bought her first house and it's been all hands to the paint brush/roller before the new carpet is laid.

Just think the market hasn't reflected what's going on in the real economy for a long time. Debt is
higher now than it was in 2008 and expanding and we still have a parasitic banking system where wrong doing is not adequately punished which results in further casino type scams. All of which increases the risk of another significant price correction in my view. So for me, it's not so much about whether I thought the price would exceed £1, that was a definite possibility but so was the case for the price falling again by 10 - 12p. It was a gamble, at this moment in time, I don't want to hold them long term and I prefer to take gains as the price moves upwards rather than hold out for a large gain with the risk that the price could fall. Ultimately, it's impossible to call it right every time and if I was to fret over 'oh if only if scenarios' I wouldn't be suited to investing/trading shares.

Over the years, I've made a lot of money from Barclays and it's paid for all sorts of things for my family. Surprisingly, so far it's a share I've never lost money on. RBS (NWG), was a disaster though but Barclays, Lloyds and long ago Standard Chartered have all been good investments.

As far as the Covid virus is concerned, think it may take longer than folk are being led to believe by governments. Even if a cure was found tomorrow, the logistics required to make it available to everyone willing to take it (and that could be an issue in itself), would take a considerable amount of time. I have a relative who is a Molecular Microbiologist and a Patent Attorney. My understanding is that although there is some interesting research being carried out, we are a long way yet from developing a vaccine.

All the best,
saurus

Evening all,

Lovely rise today. Yes, as it turned out should have waited but that's the way it goes and why I drip money in slowly and sell in stages. Ultimately, say it as it is and don't pretend to get it right every time. That said, sold another tranche this afternoon. I never expect to buy at the bottom or sell at the top of the range of any share; occasionally it happens but it's most likely down to luck than judgement. As long as I'm making a reasonably good profit especially when the market is this volatile, that's fine. My overall aim is not to lose money and take profit on the way up using volume.

Find it interesting reading folks different strategies, views and experiences. If the market was more stable, I would adopt a different approach and wait longer but this a difficult time to make profit without the risk of further falls. Sold my gold shares at the end of July and waiting for prices to fall further before hopefully buying again. That broke my all time profit record which I doubt I'll come close to breaking.

Pleased for everyone who has made money from Barclays ..... long may it continue.

All the best,
saurus

Evening all,

Sold more of my holding today. Just feel the share price could go either way at the moment and on balance, after considering the risk reward benefit, decided to take more profit.

Good luck,

saurus

.... just my way of helping to keep this board running smoothly 8 )

No one knows whether the bottom has been reached yet but another way of looking at it is to consider whether recent falls in this stocks share price represents a good buying opportunity. Only each of us can decide that by doing our own research.

If you scroll through the pages you will find new, analysis, interesting views and posters investment/trading experiences. Yes, like most boards there's occasional trolling which is either ignored or repetitive nuisance posters find their credibility challenged and bid a retreat. All in all it's a friendly and positive board largely due to the efforts of Mr Altruistic. As I'm sure you'll find, research, interesting and personal views are welcome, immature or disruptive comments, not so much.

Good luck all,
saurus

And it was doing so well .... it's the way it goes sometimes. Glad you're feeling much better today.

Started recording daily share price movements and other data when I can which may be of interest. I've put price movement in brackets otherwise it doesn't transfer easily from my records. Happy to post daily if anyone finds this info useful. If the price isn't moving much I don't tend to make a note.

All the best,
saurus

BARCLAYS Share Price Data: High, Low’s, Volume and intra-day Prices
DATE: Wednesday 30th September, 2020

Daily Open: 96.58 Daily High: 97.99; 99.13; 99.34; 99.47; 99.52 Daily Low: 95.85
Volume: 8am 560.3k 9.10am 201.6k 10.30 120.1k 1am 48.9k 2.55pm 137.0k 4.20pm 345.1k DAY TOTAL: 41.07m
Closing Price: 97.61 + 0.36 (+0.37%)
Intra-day Prices:
11.12am (97.19 -0.04) 12.10 (97.06 -0.16) 13.00 (97.02 -0.02) 13.52 (98.34 +1.09) 14.07 (98.32 +1.13) 14.10 (98.61 +1.38) 14.20pm (99.05 +1.84) 14.44 (99.4 +2.16) 14.56 (99.36 +2.12) 15.07 (99.16 +1.95) 15.18 (99.25 +2.04) 15.39 (99.37 +2.12)
15.57pm (99.07 +1.83) 16.14 (98.84 +1.61) 16.20 (98.74 +1.5) 16.30 MARKET CLOSE 97.61 +0.36 +0.37%

Afternoon all,

Share price moving around this afternoon reflecting a small rise in the FTSE 100 ..... edging ever closer to £1.

Good luck,
saurus

Wondered if you were unwell as you hadn't posted in a while. Glad to hear you're now on the mend and hope you recover fully asap.
Fabulous rise yesterday .... ended up selling 50,000 of my recent investment. Got back into this share on 3rd August and have been trading it's range since. View it as a yo yo share and watch it's price movements closely. Have traded the range using volume on and off since 2008. More recently, did some trading in August and then day trading on 16th Sept. Got back in again on 17th and 18th Sept and purchased 155,946 shares at just under 89 - 100.84. Because of it's present volatility, I choose to take profit when it's a reasonable amount rather than wait and hope for a 15 - 20p rise. That said, if the price was to fall further say by 20p, I would just wait it out. Have now got 55,946 shares remaining which I'll sell when they show collective profit.

All the best with your investing,
saurus

Wish to second kingrav's thoughtful post. Over the past few months, you've helped to shape this board with positivity including research, analysis and honesty and, you've played a major part in creating a friendly atmosphere Mr Alt. Apologies for not replying to your earlier post but it's been a hectic week.

All the best,
saurus

Also watching Barc price closely. Currently £103.09. Had a dip a few weeks back which turned a quick profit. Would have been a lot more had I held Barc shares for longer. Still, a profit's a profit and hopefully, another range trading warm up signal.

Barrick Gold (NYSE: GOLD) (TSX: ABX) has increased it's dividend for the second quarter of 2020 by US $0.08 per share which is a 14% increase on the previous quarter’s dividend. This is payable on September 15, to shareholders of record at the close of business on August 31, 2020. I've checked to make sure there's no Statutory Bank Holiday in either the US or Canada on August 31st and there's not.
Although the rise in dividend is welcome, it's still quite a low dividend and if I remember correctly below it's sector average. There will also be an exchange rate charge.

Also, investors who hold Barrick stock following it's merger with Randgold will find if they check with their UK Broker that most have a policy of using the primary listed exchange which in this case is Toronto.

@Rameriz

Exactly!
There are interesting behavioural traits commonly associated with repetitive; attention seeking "my dick is this big" claims/boasts.

Another way of looking at it is to consider whether recent falls in share price presents a good buying opportunity.

As for the drop in Copper, looking at charts, August 2019 recorded similar levels and several months in 2016 saw even lower drops but it recovered. As we know, the share price of this stock can move either way very quickly. I thought share price was likely to fall below £4 again so held off buying. Nearly bought when price fell to £4.06 last week but didn't and missed the rise. Now it has, I intend to slowly buy shares again.

On a personal note, plan on using any profits to fund the cost of dental implants. Have had several bouts of septicaemia resulting in the loss of a lot of teeth which was very upsetting. Been on the waiting list to have implants fitted for several years now as I meet the criteria owing to my medical condition. Unfortunately, I've had another severe infection recently and lost 2 more so can't wait much longer. There's 10 patients on the list which was very difficult to get on but needs must. So here's to Kaz helping to fund the cost ......

During market hours, trading isn't accurately recorded on LSE. My buys have sometimes shown up as sells and vice versa. After hours when trading volume is lower and figures finalised, assumed it was more likely for trading to be recorded accurately.

Share price currently £4.20 so good pull back from todays low as Copper price rising.
https://tradingeconomics.com/commodity/copper

Thank you for your interesting feedback.
On balance, decided to sell my last batch of Kaz shares on 13th Sept. Price climbed higher in the afternoon after I sold (always the way) but considering recent price drop, glad I sold. Just waiting for price to settle now but as we know price can move either way very quickly.